R&D alliances and the effect of experience on innovation: A focus on the semiconductor industry

Past success and failure shapes the future decisions of an organization. Recent research shows that experience with pre-vious strategic alliances is an important determinant for new alliances. However, the benefits of past experience depre-ciate rapidly, and the total number of long-dated experiences does not appear to be a major source of success in dynamic industries. The authors extend Sampson’s work to the semiconductor industry to determine the effect of expe-rience on these firms. This article offers an interesting extension to previous studies on experience effects and shows that experience does matter in amount and recency